For example, a recent McKinsey survey of 800 corporate executives found that after the pandemic, nearly 40% expect their employees in remote services to continue working two or more days a week away from the office. Surely, there are many companies in our industry who are planning to do the same. We’re not one of them and because of that, the pandemic was a big challenge for us.
Category: News and Trends
FHFA Announces New Refi Option for Low-Income Borrowers with GSE-Backed Mortgages
The Federal Housing Finance Agency on Wednesday announced Fannie Mae and Freddie Mac will implement a new refinance option for low-income borrowers with government-sponsored enterprise-backed single-family mortgages.
CFPB Formally Delays QM Final Rule Compliance Date to Oct. 2022
The Consumer Financial Protection Bureau yesterday formally delayed the mandatory compliance date of its General Qualified Mortgage final rule to October 1, 2022.
MBA NewsLink 2021 Tech All-Star Tom Pearce: Challenging the Status Quo
Tom Pearce has extensive experience in the financial services, asset management, mortgage finance, real estate and private equity arenas. He has worked in the center of the secondary market’s buyer-seller dynamic for more than 30 years.
Quote
“The path of the economy will depend significantly on the course of the virus, including progress on vaccinations. The ongoing public health crisis continues to weigh on the economy, and risks to the economic outlook remain.”
–From yesterday’s Federal Open Market Committee statement.
MBA Weekly Applications Survey Apr. 28, 2021: Refi Pool Continues to Shrink
Mortgage applications fell from one week earlier amid a volatile spring home buying season, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending April 23.
MBA NewsLink Tech All-Star 2021: Benjamin Schweitzer and Freddie Mac’s Multifamily Innovation Lab
To deal with the disruption of the COVID-19 pandemic, Freddie Mac Senior Director Benjamin Schweitzer and Freddie Mac’s Strategic Transformation team immediately accelerated their work on technology that supports remote property inspections, widely known as virtual inspections.
MBA Seeks Nominations for Residential, Commercial Boards of Governors; Deadline Apr. 30
The Mortgage Bankers Association seeks nominees for its Residential Board of Governors (RESBOG) and Commercial Real Estate Finance/Multifafmily Board of Governors (COMBOG). Deadline for nominations is this Friday, Apr. 30.
MBA NewsLink 2021 Tech All-Star David Orsini: Success Comes Organically
When David Orsini graduated from the Georgia Institute of Technology (Georgia Tech), he had exactly 16 hours to savor the feeling. Then off he went to work for Top of Mind—and he hasn’t left.
MBA NewsLink Tech All-Star 2021: A Passion for Safe Closes—Ike Suri, Chairman & CEO, FundingShield
You might say Ike Suri is feeling the love these days. The quality of his vision in the past four years has transformed how many of us work. Plus, it’s hard to ignore the head of a company that has reviewed more than $1 trillion (that’s trillion with a “t”) in closing value.